Bitcoin
Education

Is this buy signal on 4hr Chart a trap? NOT ADVICE. DYOR.

By Felix000
Updated

Is this buy signal on 4hr Chart a trap? NOT ADVICE. DYOR.

CONSTRUCTION

Using triple MACD's based on high, low, and close. When all signal and MACD begin to switch to negative (open range) to when all negative (close range) = red box, and vice versa = green box.

snapshot
snapshot
Comment
Another way of putting it:

Is this buy signal on 4hr Chart a #trap?

CONSTRUCT: Using 3 MACD's based on sources H, L, & C

When any Signal & MACD begin <0 (OP range).

When all <0 (CL range) = red box + all Histogram in range must be red, & vice versa = green box.

NOT ADVICE. DYOR.
Comment
snapshot
Beyond Technical AnalysisBitcoin (Cryptocurrency)BTCBTCUSDcryptocryptocurrenciesTechnical IndicatorsMoving Average Convergence / Divergence (MACD)

Disclaimer